Micron forecast creates jitters that big memory-chip party is ending
September 20, 2018 at 22:08 PM EDT
Micron Technology Inc. has skyrocketed in the last two years as price hikes in memory chips have helped its business soar to new heights. But on Thursday, investors got jittery that the party is nearing an end, with the company telling analysts that its profits will be hit by tariffs enacted by the Trump administration.